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Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Lease Balances within the Consolidated Balance Sheet
Lease balances within our consolidated balance sheet were as follows:
(In thousands)June 30, 2024December 31, 2023
Assets:
Operating lease right-of-use assets$15,922 $18,693 
Liabilities:
Other accrued liabilities$4,384 $4,813 
Long-term operating lease obligations10,386 12,560 
Total lease liabilities$14,770 $17,373 
Operating Lease Expense, Operating Lease Cash Flows and Supplemental Cash Flow Information
Operating lease expense, including variable and short-term lease costs which were insignificant to the total, operating lease cash
flows and supplemental cash flow information were as follows:
(In thousands)Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Cost of sales$590 $712 $1,298 $1,504 
Selling, general and administrative expenses1,102 1,109 2,253 2,185 
Total operating lease expense$1,692 $1,821 $3,551 $3,689 
Operating cash outflows from operating leases$1,570 $1,746 3,315 3,577 
Operating lease right-of-use assets obtained in exchange for lease obligations$9 $1,960 $9 $1,960 
Lease Terms and Discount Rates
The weighted average remaining lease liability term and the weighted average discount rate were as follows:
June 30, 2024December 31, 2023
Weighted average lease liability term (in years)4.84.9
Weighted average discount rate5.09 %5.04 %
Reconciliation of the Undiscounted Cash Flows for Each of the First Five Years and Thereafter to Operating Lease Liabilities
The following table reconciles the undiscounted cash flows for each of the first five years and thereafter to the operating lease liabilities recognized in our consolidated balance sheet at June 30, 2024. The reconciliation excludes short-term leases that are not recorded on the balance sheet.
(In thousands)June 30, 2024
2024 (remaining 6 months)$2,680 
20254,412 
20263,413 
20272,668 
20281,215 
Thereafter2,422 
Total lease payments16,810 
Less: imputed interest(2,040)
Total lease liabilities$14,770